Nicaragua keeps growth goals

The Central Bank of Nicargua will maintain its economic growth objectives, estimated at around 3% to 4%, despite the financial crisis.

Friday, October 10, 2008

Despite the financial crisis in the US, Nicaragua is not going to change its economic growth projections of 3% to 4% because "it was calculated based on the price of petroleum" which has been falling, said the president of the Bank, Antenor Rosales, to local station, Channel 8.
The impact of the financial crisis is still "not reflected" in the country; up to August there was an increase of 16.5% in family remittances in comparison to last year, while exports increased by 34%, said Rosales.

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Nicaragua Grew by 5.2% in 2012

March 2013

For the second consecutive year, the Nicaraguan economy has grown by more than 5%, maintaining the impetus registrated for 2011, when it grew by 5.4%.

The recent history of Nicaragua's economy is marked by ups and downs, averaging annual growth figures of 4%.

In presenting the macroeconomic statistics for 2012, authorities from the Central Bank of Nicaragua highlighted a record $2.677 billion in exports which is 18.3% greater than that achieved in 2011, an increase in foreign investment, which totaled $1.102 billion , and the contribution of remittances, which totaled $1.114 billion.

The Central Bank of Costa Rica’s Optimism

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The BCCR raised its forecast for economic growth this year from 4.3% to 4.5%, while Costa Rica ECLAC estimates for growth of just 3.2%.

Referring to this issue, the Department of Analysis and Investment Strategy, Aldesa, described the Central Bank of Costa Rica as "very optimistic".

No Latin American country will be saved from crisis

October 2008

The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.

Daboub, ex minister of Economy for El Salvador, will be in Panama next week and in his country of origin, where he will participate in the Ibero-American Summit.

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This special report examines the channels through which Fitch-rated sovereigns in this sub-region could be impacted by external shocks, the robustness of their various policy frameworks and the implications for creditworthiness of increasingly challenging international conditions.

The US financial crisis has spread across the international financial system.

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